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  3. Study Set
    Economics for Today Study Set 6
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    Exam 5: Price Elasticity of Demand and Supply
  5. Question
    What Happens to Total Revenue If Price Increases and Demand
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What Happens to Total Revenue If Price Increases and Demand

Question 43

Question 43

Essay

What happens to total revenue if price increases and demand is inelastic? Why?

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Total revenue will rise if the price ris...

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